To Question of Economic Success of China
- 10.2991/tphd-18.2019.58How to use a DOI?
- China; economy; reforms
For the last four decades in a row (1978-2018), China's economy has been developing almost without crises, at high rates, sometimes adding 10% a year. Today, China is the leading economic power, its gross domestic product (GDP) increased from $ 255.7 billion in 1979 to $ 12 trillion in 2017, i.e. more than 46 times. The authors not only reveal the factors of the Chinese phenomenon, but also attempt to analyze the main components of China's success in economic development. The article considers the key aspects of Chinese reforms, analyzes strategic directions of modernization of China's national economy based on strengthening liberalization of the country's foreign economic activity as one of the main conditions for further large-scale borrowing of advanced technological experience of the highly developed countries of the world. A separate place is given to the consideration of the program of socialist modernization, conducted by Deng Xiaoping. The relevance of the study is due to the importance of China as one of the main leaders in social and economic development in the world, the growing role of China's border economic cooperation and the special significance of developing and strengthening long-term trade and economic cooperation between China and other countries of the world.
- © 2019, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - M. Yu. Karelina AU - E.A. Karelina AU - V.V. Moiseev AU - K.V. Zhigaeva AU - С.Е. Zaslavsky PY - 2019/04 DA - 2019/04 TI - To Question of Economic Success of China BT - Proceedings of the International Conference "Topical Problems of Philology and Didactics: Interdisciplinary Approach in Humanities and Social Sciences" (TPHD 2018) PB - Atlantis Press SP - 302 EP - 307 SN - 2352-5398 UR - https://doi.org/10.2991/tphd-18.2019.58 DO - 10.2991/tphd-18.2019.58 ID - Karelina2019/04 ER -